According to Odaily Planet Daily, Truth Social's parent company, Trump Media, reported a net loss of $20 million in Q2, with its stock price falling 3.8%. Approximately $15 million of this loss was in legal fees related to the SPAC merger. The company purchased $2 billion in Bitcoin in July, currently the fifth-largest publicly traded Bitcoin holder globally. It also plans to launch a utility token tied to Truth Social and Truth+. Furthermore, its digital asset ETF proposal has been submitted to the SEC, with review extended to September 18. (The Block)
1. Arthur Hayes responded to the sell-off: BTC is expected to test $100,000 and ETH will test $3,000;
2. Eric Trump: Again, buy BTC and ETH on the dips;
3. The chairman of Ethereum treasury company Bitmine: Wall Street is "quietly" buying crypto assets, and ETH may rise to $15,000;
4. FG Nexus announced the launch of its Ethereum financial strategy and the establishment of the trust fund FG CVR Trust;
5. Trump Media & Technology Group's Q2 financial report revealed that it holds approximately $2 billion in Bitcoin, with financial assets increasing by 800% year-on-year;
6. Analyst: ETH daily active addresses rise to 841,000, a nearly one-year high;
7. One address has accumulated approximately $148.5 million in PI.
8. A whale withdrew approximately $36 million in ETH from the CEX;
9. Eugene: I'm long ETH again, and $3,500 is a reasonable entry point;
10. Binance Alpha will list DarkStar (DARK) on August 4th.
11. Binance: Alpha users with at least 200 points can claim a 750 AIO airdrop today at 6:00 PM.
According to Odaily Planet Daily, Trump's second son Eric Trump posted on the X platform: Once again, buy BTC and ETH on dips.
Eric Trump, the second-oldest son of President Donald Trump, holds a significant stake in American Bitcoin, a company he co-founded in March. According to securities filings filed Tuesday, his stake will be exchanged for approximately 367 million new shares of Nasdaq-listed Gryphon Digital Mining Inc. in a planned merger. With Gryphon's share price around $1 on Thursday, his stake could be worth $367 million when the company goes public in the coming weeks. The combined company will be named American Bitcoin. (Bloomberg)
According to BitMart's July 31st market report, the total cryptocurrency market capitalization is approximately $3.89 trillion, up 0.61% from the previous day. BTC experienced a significant correction, with its price plummeting from around 119,000 USDT to a low of below 116,000 USDT. This decline was accompanied by a significant increase in trading volume, indicating strong selling pressure. After hitting its low, BTC quickly stabilized and rebounded, currently trading above 118,000 USDT. Yesterday, BTC ETFs saw a net inflow of $12 million. Ethereum prices formed a new consolidation range between 3,760 and 3,840 USDT. Yesterday, the ETH ETF saw a net outflow of $14 million. The altcoin market as a whole showed clear structural differentiation, with the Fear and Greed Index currently at 62. BitMart X Insight data shows that current cryptocurrency market sentiment is extremely optimistic (index +92). The crypto market's social media presence is high, with an average SSI of approximately 72. ETH (83.58) is dominated by institutional inflows, while TRUMP (71.5, +6.32%) is active. However, most cryptocurrencies have low KOL attention, with sentiment concentrated among the top investors. The crypto market is facing extremely high alert levels, with the top ten cryptocurrencies all showing 100% social media anomaly scores. Investors are advised to be wary of market overheating and high volatility.
